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India open to exporting wheat to needy nations despite ban

Sumary of India open to exporting wheat to needy nations despite ban:

  • Subrahmanyam told reporters the government will also allow independent institutions to meet preceding commitments to export nearly 4.3 million tons of cereal until July.
  • The actual emergence in prices seems to be a fear reaction rather than a reaction based on an original collapse in supply or an abrupt injure of require, Subrahmanyam said.
  • A notice in the government gazette by the Directorate of Foreign Trade on Friday said a spike in global prices for cereal was threatening the substance safety of India and populate and vulnerable countries.
  • Even though it is the world’s second-largest maker of cereal, India consumes most of the cereal it produces.

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